GOOD NEWS MINISTRIES OF NEW JERSEY INC

EIN: 223390224 501(c)(3) Religion

HOWELL, NJ

Total Revenue
$130,971
Total Expenses
$118,438
Total Assets
$94,384
Net Assets
$94,384
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
NJ
Principal Officer
WILLIAM WEGNER
Tax Period
2019-07-01 to 2020-06-30

GOOD NEWS MINISTRIES OF NEW JERSEY INC, founded in 1994, is a small nonprofit in the Religion sector that reported $131K in total revenue in fiscal year 2019. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $118K left a modest 10% surplus.

Mission

TO ADVANCE CATHOLIC MINISTRY, CONDUCT PARISH MISSIONS & PROMOTE AND CONDUCT SCHOOL OF EVANGELIZATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $120,971
Program Service Revenue $0
Investment Income $10,000
Other Revenue $0
TOTAL REVENUE $130,971

Expense Breakdown

Grants Paid $11,741
Salaries & Benefits $44,285
Fundraising Expenses $0
Program Expenses $118,438
Other Expenses $62,412
TOTAL EXPENSES $118,438

Year-over-Year Comparison

2019 2018 Change
Revenue $130,971 $113,784 +0.2%
Expenses $118,438 $116,730 +0.0%
Net Income $12,533 $-2,946 -5.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
N/A
Independent Members
N/A
Employees
4
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM WEGNER PRESIDENTDIRECTOR 40.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $130,971 $118,438 $94,384 $12,533
2019 $113,784 $116,730 $81,851 $-2,946
2018 $117,601 $106,235 $84,797 $11,366
Explore More Nonprofits
→Top 100 Nonprofits in New Jersey →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare GOOD NEWS MINISTRIES OF NEW JERSEY INC with other nonprofits in New Jersey and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.